........................................................................................................

2
1- :
1. , , , ............. 4
2. ,
...................................................................................................... 8
3. , ....................................12
4. ................................... 18
2- : ,
1. , ... 20
2. ........................ 27
3.

........................................................... 41
.................................................................................................................. 53
....................................................................................... 54
..................................................................................................... 55

,
,

.
,
, ,
.

,
.

,
,
, .

,
.

. :
1. ,
2

2.
3.

4.
5.
6.
7.

,
,
.

.
,

.
:

1- :

1.1

, , ,

,
,
,
.
.
,
, , ,
.

. :
1 . .
.
,
.
,
,
.
2

- .
, ,
,
,
,
, .

.
4

2.
.
1990
, ,
. ( 2- , 6-
) .
3 . :
1

, .


.

, , ,
.
,
.

.
,

,
.
3 :
1

. :

, ,

3- . :
1

, ,
.
.

,
.
,
,

.


() . -
. :

, , ,

, , ,
,

,
. :

, ,

,
, ,
, .

.

, . :

1.2 ,

,
,

, , ,
,
.
50-60

.

, , .
:
1-:
. :

,
,
. .

.
.

2-: ,
. ,
,
. ,
.

,
8

 .
.
, .
:
1
2
3
4
1. .

, ,
. ,

.
2.
, , , , ,

.
3.
, ,
.

.
4.

 , , ,
.
,
.
:

:
1.
2.
3.

,

.

.

. :

. :
o
o ,

10

.

.

.
.

.

, 2
.

- (London
Interbank Offered Rate)
.
:
= + + +

= + + +

.
,
.

11

1.3

. :
1.
2.
3.
4.
1. :

2. :
1. .

2. 1 4
3. 5
,
,
. :
.
1.

12


:
a. ,
, ,
. ,
, , .
b.
.

,
,
, .
c.

.
d.
e.
f. .

.
g.
.
h.
i.
j.
.
2.
:

3.
13

3-5

3.
.
:
1.
2.
1.

.
2 :
1.
2.
,
:
1. .
.
2. .
.
2.
:

14

4.

.
6 :
1. .
,

.
2. . ,
, ,
, ,

.
3. .
91
.
4. . 91-181
, ,

,

.
5. . 181-360
,

.
6. . 360-
,
, ,
,
.

15

6 :
1. :
a.
b.
c.
d.
2. :
a.

b.
3. :
a.

b.

4. :
a.

b.

c.
5. :
a.
b. ,

.
6. :
a.
b. , ,

c.
d.

:
16

1. :
a.

b.
2. :
a.
b.

3. :
a.
b.

4. :
a.
b.
c.
5. :
a.
b.

17

1.4


. .
. :
1.
2.

.

,
.

,
. 3 .

18

19

2- :
,
2.1.
,
2 :
1.
2.
15
. :
:

:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

11.

12.

13.

14.

15.

1.
20

2.
3.
4.

,
2007-2010 .

/ /

2007

1182853.4

92.40

35068.1

2.74

62243

4.86

1280164.5

1228678.6

92.10

41380.4

3.10

64024.1

4.80

1334083.1

1305901.1

92.97

37639.9

2.68

61032.2

4.35

1404573.2

1376059.7

93.13

41109.7

2.78

60437.5

4.09

1477606.9

1392733.1

92.25

53035.3

3.51

63970

4.24

1509738.4

1493630.7

93.34

44728.8

2.80

61861.2

3.87

1600220.7

1528327.8

93.17

46345.5

2.83

65697.2

4.01

1640370.5

1698967.3

93.96

45029.3

2.49

64112.3

3.55

1808108.9

1739919.3

93.59

50142.3

2.70

69059

3.71

1859120.6

1812807.5

93.94

50420.8

2.61

66450.5

3.44

1929678.8

1850923.5

94.38

44600.6

2.27

65554.6

3.34

1961078.7

1947669.5

94.73

40320

1.96

68071.3

3.31

2056060.8

2020304.1

94.70

45518.4

2.13

67624.2

3.17

2133446.7

2113789.6

94.77

48386.4

2.17

68338

3.06

2230514

2221243.4

95.09

46461

1.99

68224.4

2.92

2335928.8

2318604.3

95.16

50833.8

2.09

67092.3

2.75

2436530.4

2361219.5

94.92

56856

2.29

69519.3

2.79

2487594.8

10

11

2008

12

21

2431751

95.01

54623.5

2.13

73058.4

2.85

2559432.9

2468769.8

95.19

50253.8

1.94

74503.3

2.87

2593526.9

2559113.2

95.30

51888.9

1.93

74273.7

2.77

2685275.8

2586907.5

95.22

54807.6

2.02

75143.5

2.77

2716858.6

2549082.7

94.72

58949.7

2.19

83251.2

3.09

2691283.6

2525988.2

94.67

55026.9

2.06

87104.2

3.26

2668119.3

2353561.2

89.30

93323.1

3.54

188667.2

7.16

2635551.5

2351039.5

87.99

124743.5

4.67

196211.4

7.34

2671994.4

2344099.3

87.29

142585

5.31

198617.2

7.40

2685301.5

2273868.7

85.11

132173

4.95

265684.9

9.94

2671726.6

2152091

83.41

154235.4

5.98

273913

10.62

2580239.4

2075746.6

81.89

164724.4

6.50

294436

11.62

2534907

2108849.8

82.41

152115.4

5.94

297964.5

11.64

2558929.7

2084489.3

80.77

143381.4

5.56

352907.9

13.67

2580778.6

2060250.6

79.58

173480.6

6.70

355097.8

13.72

2588829

2035010.9

77.35

198226.4

7.53

397697.4

15.12

2630934.7

2011002.5

76.81

200873.4

7.67

406110.4

15.51

2617986.3

2009508.7

79.36

66456.5

2.62

456065.9

18.01

2532031.1

2071259.4

78.01

121739.5

4.59

462001.5

17.40

2655000.4

2093001

78.30

122000.5

4.56

458000.2

17.13

2673001.7

2096001

78.19

142000.8

5.30

442516.4

16.51

2680518.2

10

11

2009

12

10

11

12

2010

149420.5

416500

2007

1
2

45825.2

6312.3

1781.1

77222.5

-3740.5

-2991.9

70158.6

3469.8

-594.7

16673.4

11925.6

3532.5

22

2008
442009
2010

100897.6

-8306.5

-2108.8

34697.1

1616.7

3836

170639.5

-1316.2

-1584.9

40952

5113

4946.7

10

72888.2

278.5

-2608.5

11

38116

-5820.2

-895.9

12

96746

-4280.6

2516.7

72634.6

5198.4

-447.1

93485.5

2868

713.8

107453.8

-1925.4

-113.6

97360.9

4372.8

-1132.1

42615.2

6022.2

2427

70531.5

-2232.5

3539.1

37018.8

-4369.7

1444.9

90343.4

1635.1

-229.6

27794.3

2918.7

869.8

10

-37824.8

4142.1

8107.7

11

-23094.5

-3922.8

3853

12

-172427

38296.2

101563

-2521.7

31420.4

7544.2

-6940.2

17841.5

2405.8

-70230.6

-10412

67067.7

-121777.7

22062.4

8228.1

-76344.4

10489

20523

33103.2

-12609

3528.5

-24360.5

-8734

54943.4

-24238.7

30099.2

2189.9

-25239.7

24745.8

42599.6

10

-24008.4

2647

8413

11

-1493.8

-134416.9

49955.5

12

61750.7

55283

5935.6

21741.6

261

-4001.3

3000

20000.3

-15483.8

7419.7

-26016.4

23


200000
150000
100000
50000
0
-50000

1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3

2007

2008

2009

-100000

2010

-150000
-200000

, 2007 , 2008
2008
, ,
,

. 2009 ,
. 2010
.
,
,
.

24

 /
/
700000
600000
500000
400000
300000
200000
100000
0

2007 329356.5

33125

476778.1 349705.9 161432.9 43308.1

6631.8

6949.8

2008 442755.3 59096.1 608364.7 431431.8 156044.9 54045.9

11226.8

9150.5

2009 499661.8 46508.4

8999.2

8862.4

596567

406573.1 122392.6 132285.2

/
/
250000
200000
150000
100000
50000
0

2007

5531.1

99042.5

69306.5 100683.1 146127.2 143329.6 10138.3

74614.5

2008

4525.2

141723

88147.8 149749.7

25185.2

100198

2009

4439.6

21341.4

83700.7

131094.5 79687.7 196367.5 54934.7

, ,
,
. 2008 ,

.

25

 2009 ,

60000000

501904094.4
424257757.1

50000000

306873946.5
300328537

40000000
30000000
20000000

3796488.9

10000000

2222507.3

7266147.5

2178379.2
3756559.2

2250790.9

85.27%

90.00%
80.00%
70.00%
60.00%

53.62%
45.15%

50.00%
40.00%
30.00%
20.00%
10.00%
0.00%

12.78%
0.33% 1.77%

0.90% 0.19%

.


.
.
26

2.2



.

.

Left
handad

Right handad

. :
1.
2.
3.

1.
,

, ,

, ,

27

, ,

,
, ,

28

, ,

, ,
,

, ,

29

, , ,

%- /

%-

19.2
1.6

22.2

30

2.5

2.6

2.5

1.85
12
1

18

21.6

24

24

1.5

1.8

25.2

24
2
15.6
1.3

%-

31.2

30

27.6
2.3

%- /

2.1
0

%- /

27.6
2.3
19.2
1.6

%-

%- /

%-

27.6

27.6

28.8

30

31.2

31.2

27.6

2.3

2.3

2.4

2.5

2.6

2.6

2.3

22.8

21.6

20.4

21.6

21.6

24

22.8

1.9

1.8

1.7

1.8

1.8

1.9

30


%- /

%-

%- /

%-

7.2
0.6
7.2
0.6

0.5

0.5

0.5

0.5

0.5

0.5

6.6
4.8

0.55
3.6
0.3
3.6
0.3

0.4

3
0.25
3
0.25

4.8
0.4

6.6
0.55

%- /

%-

%- /

%-

28.8
18

19.2

19.2

16.8

1.5

1.6

1.6

17.4

19.2

16.8

1.45

1.6

1.4

1.4
16.2
1.35

25.2

2.4

20.4

2.1

1.7

28.8

20.4

18
2.4

1.5

1.7

%- /

%-

%- /

%-

33.6
24

18
1.5
18
1.5

18
1.5
18
1.5

2
24

24

24

24

24

2.8

2.8
33.6

31


%- /

%-

%- /

%-

33.6
31.2

25.2

25.2

2.1

22.8

2.1

1.9

2.8

26.4

33.6

2.2

2.6

22.8

19.2

19.2

24

1.9

1.6

1.6

2.8

1.6

19.2

%- /

%-

%- /

%-

33.6
25.2
2.1
19.2
1.6

26.4
2.2
21.6
1.8

30

24
2
20.4
1.7

2.5
21.6
1.8

/
2.3
1.25
1.3
1.1
5.95
1.49

27.6
2.3
20.4
1.7

30

2.8

2.5
24
2

%-

/
27.6
2.3
15
1.25
15.6
1.3
13.2
1.1
71.4
5.95
17.85
1.49

33.6
2.8

24
2
18
1.5

27.6
15
15.6
13.2
71.4
17.85

32

23.33
19.27
13.89

20.23
16.54
12.92

24.51
20.13

16.56

16.53

13.2
13.71

10.49

14.07
14.74
12.94

28.35
22.88

19.74

25.65

14.74

13.54

18.53
12.3

, (), ,
, 2
,
.
.
1,5-1,77 %- 18,02-21,26% . 1,09%-, 13,1%- .
0,41-0,68%-, 4,92-8,15%-
.

2.

.



.

,

.
.
33

21%

33%

46%

15%

47%

38%

20%

26%

54%

3


.

: 2004
34

,
.
, ,

.

45%

55%

36%

64%

35

23%

12%

48%

17%

29 %
.

3 . :
1. , ,
2. ,
3.
1. , :
. :
,
, ,
. ,
.
,
.

.
.
36



.
,
, ,

, ,
.

. "-"
.

2. ,
.
.
:

, ,

3.

.
. :

37

, ,

3.
15
. , ,
.

1.
2001

2002

2003

2004

2005

2006

2007

: -
2.
2001

2002

2003

2004

2005

2006

2007

SWOT
.

38

Competetor centered
SELF CENTERED

Consumer centered

Market driviing

4 SWOT
:

6310,8

39

3-

3-

40

2.3


.
.
50- .
,
.
,
.

, ,
.
:

.

.
.
2 :
1.
2.
1. :
a.
41

b. ,

, , ,
.
c. (
, , )
2. ,
, , ,
. :
a. .
, ,
,
b. ,
.
:

4 :
1.
2.
3.
4.
1.

.
:

42

2.

. :

3.
. :

4. :

. :

,

43

11
.

35
450 ,
65%-, (526 )
,


. : www.barilga.mn

5,5 %-
10,1%- ,

16,6
, vvv ,
v .

15,7
, v
.

v 22,4
213,4 . ,
v ,
.

v 7,7 , 7,8
v ,
, .

,
44

 , ,

,
, .
: 84%- .

5%

30%

65%

. :
1.
:

,
,

,



45

,
,

, ,






2. :

,


,

,





3. :

,
,

46

 ,
,

,

.
,
.

.
,
:
a. , ,

b. ,
c.
. , ,

,

. ,
, , ,
.
:

,
, ,
,

47

 , ,
,

,
,

:
o
o ,
,

o

o


.
b. ,
,

.

.
,
.

.
, , , , .

48

 .

. :

.

:

c.

.
.

,
.
.
49


. :

.

:
1. . :
o

o , 1

2-4
, ,
, ,

o
,
o .
,
.

,
, ,
. .
:

50

,
, ,
.

2.
. :
o
, , .

o ,
,


,
.

o

.
.

,
.
.
o

o
.
.

51


,
. ,
,

.

,
.
. :

2007 , 2008 2008
12-

, ,

.

,
.

.
.

. .

,
.

52

1. . , 2004 .
2. . -2008 .
3. . ,
1997 .
4. .- 2005
.
5. ., . - 2006
6. 2007 , 2008 , 2009 , 2010

7. . -2003 .

1. 1990 .

1.
2. 2010.05.14 113 (3976)
3. :
2009

1. www.mongolbank.mn
1. www.finance-mongolia.com
2. nm.wikipedia.org
3. www.openforum.mn
4. www.golomt.mn
5. www.khanbank.mn
6. www.zoos.mn
7. www.tbdm.mn
8. www.dfi.mn
9. www.mba.mn
10. www.barilga.mn
11. www.xacbank.mn

53

54